Nippon Yusen Kabushiki Kaisha (NYK) has signed the United Nations (UN) Global Compact Sustainable Ocean Principles taking action for a healthier ocean – becoming the first Japanese company signatory.
The signing ceremony was held at the UN’s Sustainable Economy Investment Forum on 28 June, where NYK joined other 150 major companies into the initiative.
The Sustainable Ocean Principles provide a framework for responsible business practices across sectors and geographies, building upon and supplementing the principles of the UN Global Compact to achieve the world community’s ambitions as laid out in the Sustainable Development Goals (SDGs).
NYK has become a signatory with the understanding that the direction of its Life Below Water efforts – SDG number 14 – are in line with the purpose of the Sustainable Ocean Principles.
NYK has been continuing fuel saving activities for many years by improving the operational efficiency of ships in order to reduce the emission of carbon dioxide (CO2) from ships, according to its recent release.
The company is also actively engaged in research and demonstration projects aimed at introducing Liquefied Natural Gas (LNG) fuel as a bridge solution to decarbonisation and putting zero-emission fuels such as hydrogen and ammonia into practical use.
On 19 April, NYK took delivery of vessel Grouse Sun, a methanol-fueled chemical tanker owned by NYK Bulkship (Asia) Pte. Ltd. – an NYK Group company based in Singapore.
Grouse Sun has been equipped with a dual-fuel engine that uses both heavy fuel oil and methanol.